Charlty Reglstratlon Number 1061108
THE ANALYficAL METHODS TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022

THE ANALYficAL METHODS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
JN Miller (Chaim18nl
CS Creaser
G Greenway
AJ Handley
ID Lumley
D Stevenson
F Sweeting
R Wood
Honordry secrotary to the trustoes
ID Lumley
Prln¢lpal office
The Royal Society of Chemistry
Burtinglon House
London W1J OBA
Independent examlner
Nicholas S18dden FCA DChA BFP
RSM UK Tax and Accounling Limited
25 Fa￿ingdOn Street
London
EC4A 4AB
Rggistor•d Charity number
1061108

THE ANALYficAL METHODS TRUST
COMMITTEE REPORT
The trustges pres8nttheirreport, along with the financial ststements of the charrty forthe year ended 31 December
2022. The financial ststements have been prepared in accordance with the Ststement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in ac¢ord8nce wilh the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK
Generally Accepted Practice as it applies from 1 January 2019.
Structure. govemance and management
The Analytical Methods Trust (the Trust) is a registe￿d charity under the name of The Society for Analybcal
Chemistry AnatytiC81 Methods Trust Fund Icharity Number 10611081 and is constitsjled by a Trust Deed dat&d I
February 1956. The aim of the charity is to extend the knowledge and study of analyb'cal chemistry, together with
the development and validation of new and improved methods of analysis.
The Irust6es may invest in anything pemiitted by law bul are restricted to inv8slments in companles with paid up
capital of £500,000 or over. The Twsl administers the day-￿daY finances of the specialist Expertworking Groups
of the Analytical Methods Committee.
The trustees, who have served during the yearand since the year end are Set out on page 1 and are all associated
with the Analytical Division of the Royal Society of Chemistry {RSCI,' they meet in formal committee 8t least once
per year. Day-tO-d8y financial business Is conducted by correspDndence involving mainly the Chairman an(1
Honorary Secretary to the trustees. New trustees are chosen by existing trustees. Trustees a￿ expected to have
demonstrated an interest in gnd to have long-lemi knowledge of the activities oflhe Analytical Methods Committee
and its Sub£ommittegs. Most are likely lo have extensive knowledge of analytical chemisty and of all m8tters
relating to the analysis, nature and composition of natural and manufactured materials. Four out of the eight
current Iruslees have been elected President of the AnalyLical Division of the Royal Society of Chernisty. The
Trust Gonsiders all the above trustees to be their key management p8rsonnel.
The trustees who served frorn l January 2022 were:
JN Miller
F Sweeting
D Stevenson
AJ Handley
CS Creaser
G Greenway
R Wooij
ID Lumley
Objectives
To promote and encourage the acquisition and dissemination of knowledge in regard to methods of chemical
analysis and the education of persons as anatyts'cal chemists.
Rlsk management
Twstees review the Gommitrnents expectsd lo be mad8 on the unrestrfcted funds annu8lly, to assure themselves
that demands nomially fall wthin income. Trustees only accept funds for restrirted work when an 8gre&m8nl to
cover full costs has b8en r8WV8d in adv3nce. Financial procedures are in place to monitor 8xpenditur8 on
individual programmes, and these are reviewed periodicalty lo ensure that they megt the current requirements of
the Trust.
Grant maklng pollcy
Outline progrdmmes for the specialist Expert Working Groups (EWGS) 8re approved by the Anatytlcal Methods
Committee IAMCI of the Analytical Division, which rec6ives regular reports on progress made. In addition, the
Expert Working Grc4Jps publish their work in the scientific Itteralure or on the webslte so pennltllng scrutlny by the
analyb.cal community. The AMC Chairman makes an annual report, including any recommendations for action or
change resutting from AMC discussions to the trustees al the fomal meeting. Decisions on granting financial
support or partial support for kctvreships, fellowships, studentships and other educational research are made
only after consideration by the trustees and again regular progress reports aTe required. Work by the speci81ist
Expert Worklng Groups Is n(rt aulhorfsed unless Supporting finances from donations or invostment Income Is
guararTleed.
21Pa¥c

THE ANALYficAL METHODS TRUST
COMMrrTEE REPORT
Investment pollcy
The Trust has a capllal invèstment currently with 8 market value of £954,665 generating income of about £30,000
per annum. The Trust invests in an Allianz portfolio Fixed Int8rest Fund part of Allianz Global Investors. who
manage the fijnd within a low risk policy of modest grovrth and reasonable income. and with the 8lackRock
Charishare Common Invesknenl Fund.
The Trust's investments, which had been adversely affected by Covid-19, started to recover in 2021. However
following outbreak of the w8r in Ukraine in February 2022, th8 investments were again negatlV8ly impacted and
8t the year end had generated a net loss of £70.62012021.' nel gain £76,0341-
ReseNe5 poIIcy
The accumulated capital remaining invested is regarded as a reserve lo cover unforeseen eventualities in the
administration or funding Df work projects. The reserves policy is to retsin the capital value of the fund. so far as
this is practical in view of the maTket variations and, if possible. to use only the income from investments to support
unrestricted activities. Method development progr8mmes an¢J educational projects are ca￿ft1[1Y examined before
commencement and regular progres5 meetings are required. Restricted funds are expected to cover the full costs
of restricted activitie5 with the expenses of these prograrnmes carried by speciflo sponsors and are not expecled
to impinge on reserves. At 31 December 2022, ijnreslricled funds amounted lo £1,020,88812021.' £1,068,004) of
which £476 is designated12021: £1,207) and reslricled reseryes for the year We￿ £10,85612021: £10,8561-
ACHIEVEMENTS AND PERFORMANCE
The WOTk of the AMC Expert Working Groups is no longer routinely supported by any outside organis81ion. As
re5uIt, a review system for the EWGS has been implemented. Each will be assessed for need and effeclnieness
on a three year rolling prcoramme.
The past twefve months has agaln seen some acllvity In the area of AMC publications and initiatives. The website
<w￿.rsC.Or￿) has now become the m8in vehlcle for AMC communication and publication. Of these the most on-
going popular activity has been the software that the AMC has produced followgd by the various Technical Briofs.
Only three new'Technical Briefs" have been added this year, they are:
Summarfsing the precision slalistics from collaborative trials
(Anal. Methods. 2022, 14, 678)
A periodic tablp for liquid chrDmatogr8phy separation modes
(Anpl. M&lhods, 2022, 14, 30331
Comparing measurement uncertainty values
(Anal Methods, 2022. 14. 4025)
The Technical Briefs were published in the RSC joumal Analytical Methods as well as on the AMC Web-5its', they
are directy downloadable from both sources. They aT8 peer reviewed from within the AMC.
The Technical Briefs that have been prepared bring up-to4ate technical infomiation to members of the Analytical
Division and the wider Analytical Community. The areas covered refiect the activf(ies of the varfous
subcommittees of the AMC 8nd concentrate on Items that are Important for 8nalytlc81 sdenllsls, currently topical.
and not readily available from other sources.
The Briefs are carefully drafted by Expert Working Groups and then separatety scnjlinised by the whole AMC
before final approval and pubb'cation. Apart from thelr general application, they comprise a uselLs1 addition to CPD
and so include a CPD Statement.
31Pagc

THE ANALYficAL METHODS TRUST
COMMrrrEE REPORT
In addition, a number of Reports have botsn published, most notably=
AppliG8tion of Gas-Liquid Chromatography lo th8 Anatysis of Essential Oils:
Part XXV.. Part 1 of 2.. Fingerprtnt GLC of three of five ketone-containing essential oils.
Part 1.. Experimental, results, thujones and ￿dar1eaf oils
Perfumer and Flavorist, 2022, 47 IDecernberl, 26 - 35
Not8-. Part 2 (Fennel olls 8nd womiwwd oil) to be published as the succeeding part in Janu8ry, 2023.
The following Expert Working Groups are appointed by the AMCIAD GounGil and which are supportgd by the
AMC Trust. but sometimes receive additional èxtemal financial support:
Animal Faading Stuffs EWG
The work of this EWG was rè-assessed and it is being maintained in a 'semi41orrnanf' slate. This is unfortunate
gwen the amount of work that is currently on-going in the CEN Technical Committee, some of which is supported
by Ihe EU Commission. This will become increasingly important as the UK loses its input irrto the EU Commission
post Brexil.
Essentlal Olls EWG
The aims of the EWG are the elaboration antl validation of analytical methods to dBlem)in8 the quality and
authenticity of traded essential oils. 11 acts as the BSI MiTfoT Gmup for Essential Oils and has assessed and
ommenled on a number of ISO Stsndards. Members of this EWG have been very active and have undertaken
a number offingor-printing exercises forspeufic essential oils. This is particularty important given howthe REACH
Regu18tlons wlll affect the work of the sector.
Food and Fe•d Authenticity EWG (previously the Nitmgen Factors Sublommittee)
Because of aotivrtl8s in the GEN Sector, wth th8 creatlon of 8 new Technical Commlttèe ICEN TC 4601 deallng
with food and feed aulhentiaty. the EWG has been re-shaped such that there is a parent Group with various topic
area Groups being devised. Typically these will mirror thB nitrogen factors work which reflects the origin of this
EWG. The UK is putting in a fair amount of effort into the CEN activities in this area and will take the convenorship
of some of the TC 460 Working Groups.
The new Chair, Dr Michael Walker, has been very active cKJ4)rdinoting Ihe V￿rk in Ihe area and for which Ihe UK
Is playlng a prominent parL
Herltage Sclence EWG
This EWG aims to prornote the role and importance of anatylical science in the heritage Scien￿ sector. 11
appointed a new Chair in 2018 and she has been particularly active in showing how specific analytical techniques
are used within the sector. She was awarded the AMT'S 2019 L S Theobald Lectureship.
Instrumental Analyjls EWG
The EWG alms to consl¢Jer and give recommendatlons on features of speclflc analytlcal Instsumenls and to
provide a forum for dlscusslon of all 8speGls of mass sp8Ctromety pertlnent lo obtslnSng reli8ble data with the
aim5 of promoting best practice in the applicatim of mass spectromety. It has been very actlve 8nd effective
undeT the Chairmanship of MikB Sargent, LGC.
It is devekJpSng a number of relevant Technlcal Brtets whlch wlll be pubfished Immlnently.
41PJgc

THE ANALYficAL METHODS TRUST
COMMITTEE REPORT
Sampllng Uncertaintylsampling Quallty EWG
The aim 1$ to consider the effect of sampling uncertainty, and procedure$ for its elgboration, and to moke
recommendations a5 to best practice in aspects of sampling. Ils work has been conSide￿d by the Codex
Aimentarius Commission and has comment8d on papers drafted within Codex. It has the opportunity to prepare
and submit papers to the Codex Committee on Methods of Analysls and Sampling.
11 has now held joint meetings wtth the equivalent Worklng Group of Eurachem and will publish joint documents
(AJAC Technical Briets and Eurachem Leaflets1-
The Statlsllcal Methods EWG
ststislics, as the COn￿pIUaI language of callbrat5on and 8118spects of data quality, plays an axlal role in analytlcal
science. The Ch81r. Professor Jim Miller, has progressed a significant nsjmber of Technical Brlets through the
system. The EWG is considering how to make avallable the sothv8re packages in the readity accessible Excel
rather than In more complex statistic81 programmes suth as R. This wlll require CL)mmlssloning of projectWOTk by
3 sofvare development company.
One long4tanding member and the EWG origlnator, Professor Mike Thompson, has retired from the EWG.
L S Theobald Lectureship
The 2022 award wa5 made to Professor Phlllp Potts Iretlred from the Open Unlversltyl. HIS lecture wlll be given
at the 2023 RSC Analyb'cal ReSea￿h Forum. The 8ppllcation process was amended during 2022.
FUTURE PLANS - Effect of Covld-19 Pandemlc
Athough the effects of the Covid-19 pandemlc are much reduced, most meelngs were held virtually over Zoom.
This does have signiflcant advantages enabling parbapation parUcularty frorn non-UK based memb8rs.
PUBLIC BENEF
The work of the Analyucal Methods Committee is of particular importance given that il directly enables anatytical
data to be produced which is both accurate and reliable. This is particularly important not onEy to the honest
manufaGlurer but also lo enforcement bodies and uttimalety the consumer. It Is operated on a cross*)aty basis.
i.e. the scients'fic merits of partScular problems are addressed without undue inftuence from industy. enforcemenL
govemment or referee analyst perspeclives. However. there will be attempts to review the long-temi AMC strategy
given the Ilkety fundlng arrangemenis and indeed the possible loss of future collaboration wth European
Golleagues post Brexit. It is important that It malntains and indeed increases th8 inputs that it makes to any EU
focused organisalion.
PERSONNEL
The new editor of the Technical Briefs. Judf(h Egan-ShLtttl8r, has settlad into the work well. she belng partlcularly
kno¥￿edgeable about the procedures of the RSC.
51Pagc

THE ANALYficAL METHODS TRUST
COMMfrTEE REPORT
ACKNOWLEDGEMENTS
I would like to fomially thank all outsid8 organisations for their support-in4(ind.
This report would not be complete without an expression of thanks lo those persons in academia, industy and
the public seTvice who have gwen their tirne and expertise lo the AMC.
Without their asslstance l¢ttle would bè achieved.
Approved by the Iruslees on .1. o ..0& .4)La.and signed on their b8half by..
JN Miller
Chairman
61Pugc

THE ANALYficAL METHODS TRUST
COMMrrTEE REPORT
Appondlx: Analytlcal M•th¢xls Commltiee Ternis of R•feronce
The Anatytical Methods Committee IAMCI is a Committee of the RSC AnalytTcal Division Counul. The broad airn
of the AMC is to aclively contiibute to the national and international efforts to establish a comprehensive
framewoTk for quality in analytical measurement, lo improve and develop analykn'cal methodology and to keep the
wider analytical science community informed of developments.
The Committ8e operates through Expart Worklng Groups dealing wlth specific topic areas. It is responsible for
the general supeNision and monitoring of such Expert Working Groups. However, it will also operate directly as
and when the need is demonstrated.
Terms of Reference
Tot8ke a leading role in identlfying and promulgating best practice in anatyucal suence; includlng aspects
r&18ting lo sampling, anatysis. S￿t￿StIcal methods, equipment, inslrtsmènlation and materi8Fs.
To approve and recommend Ihe publication of va5idated methods.
To Provide independent and impartial adwce to 81akeholders such as regulatory and harnionisation
bodies.
To generate validated compositlonal dats of nalural pr￿Jucts for Interpretstive and enforcement
purposes.
To issue guldance such 85 Reports, Technlcal Brlefs, Recommenda￿￿n5, Background Papers and
soflware on topic areas of interest to Promote the educatfon and training of analytical scientists.
To appoint and disband Expert Working Groups as requlred V￿th the approval of AD Coundl and the
Analytical Methods Trust, which fvnds their activity.
To Ilalse wllh other natlonal and iTrtematlonal bodies In the fleld of standardisatlon.
To nominate expert members to relevant regu1810ry and standards bodles on behaw of the RSC (See
Note below).
To receive and act on reports from repre8entatyves on other committees where relevantto the work ofthe
AMC.
To prowde technlcal ad￿ce to UKAS on anawtcal quallty issues.
Note: Expert8 nomlnated by the AMC 8hall act In Ihelr capaclty as Individual tethnical experts and do not
necessarity represent the views of the RSC unless additionally aulhorised to do so by RSC CounThl.
71pa￿t

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANALYficAL
METHODS TRUST
I report to the trustees on my examination of the financial slalements of The Analytical Methods Trust forthe year
ended 31 De￿mber 2022. which are set out on pages 9 to 15.
Responslbllltles and ba61s of report
As the trust￿$ of thg tharity you are responsible for the preparation ol the financial statements in a￿OrdanCe
with the requirements of the Charities Act 2011 {'the 2011 Act'l.
I report In respect of my examlnation of the tha￿ty,$ finandel slatements Garrted out under seGtlon 145 of the
2011 Act and ￿n carylng out my examination I have followed all the appllcable Dlredons given by the Charfty
Commlsslon under se¢tton 145151(bl of the 2011 Act.
An independent exarnination does not involve gathering all the evidence that would be required in an audit and
Consequent￿ does not ￿Ver all the matters that an auditor considers in giving their opinion on the financial
statements. The planning and conduct of an audit goes beyond the limited assurance that an independent
examirbation can Provide. Consequently, l express no opinion as to whether the financial statements present a
rue 8nd falr view. an(1 my rewrt is limlted to those specific matters sel out In the Independent examintsrfs
8tatemenL
Independent examlnerfs statement
I have completed my ex8mlnalion. I confirm that no matgrial matters have come to my attention in connedon
with the examination giving me reasonable cause to belleve that in any material respect..
accounting record5 were not kept in respect of the charity as required by section 130 of the 2011 Actr. or
2. Ihe financial statements do not accord with those records.. or
3. the financial statements do not comply wlth the applicable requirements wncemlng the fom and content
of financlal statements set out in the Charities (Accounts and Reports) Regulations 20D8 other than any
requirement that the financlal statements give a 'lrue and falr vlew. whiGh is not a matter consldered as
part of an independent examination.
I have no concems and have come across no other matters in connection with the examinatron to which attention
should be drawn In thls report In orderto enable a proper understanding of the financial statements to be reached.
N8me.- Nicholes Sladden
Name of 8ppli(3ble listed body- The Instllute of Chartered Accountsnls In England and Wales
Relevant professional quallficatlon or membership of professional body: FCA DChA BFP
On behalfof RSM UK TAX AND ACCOUNTING LIMITED
Chartered Accountants
25 Farringdon Street
London
EC4A 4AB
07/09/23
81Page

THE ANALYficAL METHODS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Reslrfcted Unrestrlcted Deslgnated
Funds
Funds
Funds
Notes
2022
2021
In¢omg from:
Investments
Charitable activities
29,979
29,979
24,630
2,075
Total
29,979
29,979
26.705
Expendltur• on:
Charitsble activities
(6,475)
1731)
7,206)
16,540)
Net {Ioss8sllgains on
Investments
(70,6201
170,620)
76,034
Net Ideficltifincome
and net movement In
funds
147,116)
1731) 147,847)
96,199
Reconclllatlon of
funds:
Totsl funds brought
IoTward at 1 January
10.856
1.068,004
1.207 1,080,067
983,868
Total funds c8rried
foThvard at 31 D8C8mber
10,856
1,020,888
476 1,032,220 1,080,067
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THE ANALYficAL METHODS TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2022
Registered charlty number: 1061108
Restrlcted Unrestrlcted Designated
Funds
Fund$
Funds
Notes
2022
2021
Fixed assets
Investments
954.665
954,665
1,OfO,227
Currént ass•ts
Accrued incomg
4.266
4,266
3,736
Cash at bank
10,856
66.776
476
78,108
70.669
10,856
71,042
476
82.374
74.405
Curront Ilabifities
AccNaL8
14.819)
14,8191
14,5651
Net current assets
10,856
66.223
476
77,555
69.840
Net assets
10,856
1,020.888
476
1,032,220
1,080,067
Represented by:
Accumulated fund
1,020,888
1,020,888
1,068,004
Lecture fund
476
476
1,207
Restrlcted funds
10.856
10,856
10,856
Total fun
10,856
1.020.888
476
1,032,220
1,080,067
The flnanclal statements on pages 9 to 15 wor8 approved by the trustees and authorfsed for issu8 on
signed on its behalf by:
JN Mlller
Trustee
ID Lumley
Trustee
IOIPagc

THE ANALYficAL METHODS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounllng pollcles
The Trust is an unincorporated charity (registered number 1061108}, reglstered In England and Wales with its
registered office address being The Royal Society of Chemisty. Burlington House, London W1J OBA.
The chariws objectives and aims are disclosed in the Committee Report on page 2.
Basls of accounting
The financial slalemenls have been prepared under the historical cost oonvention a$ modified forthe inclusion
(rf Investmenls at markel value.
The financial statements have been prepared in accordance vith the Slatemenl of Recommended Practice..
Accounting and Reporting by Charities preparing their financAal statements in accordance with the FinanrAal
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Irelan¢J IFRS 1021. the
Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The financlal statements are prepared in Sterling. which is the functional currancy of the tharty. Monetsry
amounls in these finanaal statements are rounded to the nearest £1.
Thefinancial statements have been prepared to give a Mrue and fairf view and have departed from the Charities
{Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair. vi8w. This
departure has involved following Accounting and Reporting by Charities (second edition
October 20191
preparing their financial ststements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) rather than the Accounting and Reporting by Charities= Statement of
Recomm8nded Practic8 effective from 1 April 2005 which has since been withdrawn.
The Tnjst constitutes a public benefit entity as defined by FRS 102.
Going concern
The tnJstees have considered whether it is appropriate to prepare the financial statements on the basis that
the Trust is a going concem.
The charity is reliant on inwme from its investment portfolio stated al £29.979 {2021= £24.6301 in the form of
dividends to meet its annual expenditure. Despite starting to recover from the impact of Covid-19 in the prior
year, the Trust's investments have been adversely affected this year by the war in Ukraine and the impact Ihis
has ha(1 on global markets. During the year the investments had generated net losses of £70,62012021: net
gain of £76.034).
The trustees believe that the charity has sufficient funds to continue its activities for at least ttvelve months
from the dale of signing the financial statements and so the going concern basis of preparation remains
appropriate.
Investments
Investmenls are stated at marketvalue atthe balance sheet date. The Slalemenl of Financial Activities ISOFAI
indudes nel gains and losses arising on revaluations and disposals Ihroijghout the year.
Unrealised gains and losses represent the movement in market values during the year and are credited or
chargad lo the SOFA based on th8 market value at the year end.
Ca$h and chsh equivalents
Cash and cash equivalents are representefl by cash held al bank.
Llabllltles
Liabilities are recognised when there is a cKJntractual obfigation to discharge a cost.

THE ANALYficAL METHODS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Flnanclal Instruments
The charity has elected to appty the provislons of Sec￿on 11 'Basic Financial Instruments, of FRS 102 to all of
ils financial instnjmenls. Financial instruments are recognised when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial stalemerrts, when
there is 8 legally enforceable right lo sel off Ihe recognised amounls and there 18 an intention to settle on a net
basis or to realise the as5el and settle the liability sim5Jltaneou81y.
All flnanclal Instruments of the charfty are baslc and therefore measured 8t amortised cost.
Fund accountlng
Unrestricted funds are general funds that are available for use at the trustees, discretion in furtherance of any
objectives of the charity.
Designated funds are unrestricted funds set aside at the discretion of the trustees for specnlc purposes.
Restricted funds are those donated for use in a particular area or for spectfic purposes. the use of which is
restricted to that area or pU￿oSe and the restriction means that the funds can only be used for specific projects
or actiwli88.
Moni68 received for variaus Expert Working Groups wort( are not regarded as reslricled except that they be
used solety for the furtherance of the Trust's aims. The Irustees have set aside a designated lund to support
18ctures.
Income
All income is accounted for in the period in which the charlty is entitled to receipt.
Expenditure
Expenditure is induded on an accfuals basis. Expenditure includes attributable VAT which cannot be
recovered.
Expenses are allocated to the particular activity where the cost relates direclty lo that activity.
Govemance costs comprise of costs for the running of the charity itself as an organisation.
Where costs cannot be directty attribLrted to 8 particular fijnfl, it is estimated on the basis of the proportion of
total Income.
Grants payable with perfonnance condltions
Where the charity gives a grant with conditions for its payment being a specffic level (rf service. such grants
are onty recognised in the SOFA once the recipient of the grant has provided tha specrfied setvice.
Judgements and key sources of estimation uncertainty
In the application of the Trust's accounting policies, the tnjslees are required lo make judgements. estimates
and assumptions 8bout the carrying amoL¢nl of 8ssets and li8biliaes th8t are not readily apparent from other
sources. The 8Stimales and associated assumpllons are based on historical experience and other faGtors that
are Considered to be rdevant. Actu81 results may differ from these estimates. The estimates and undertying
assumptions are reviewed on an ongoing basis. Rewsions lo accounting estimates are recconised in the period
in which the estimate is revised where the revision affects onty that period, or in the period of the revision and
future pefiods where the revision affects both current and ftslure periods.
The tnjstees do not consider any of these judgements or estymations to have any significant effect on the
financial statements.
E2IPagc

THE ANALYficAL METHODS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Employees
The charity had no employees in 202212021.. nono) and no payroll costs were incurred12021.' £Nil).
Inveslment Income
Unrestrlcted Funds
2022
2021
Interest- fixed Interest securities
29.979
24,630
Charitabl8 activities Income
Restrlctsd Funds
2022
2021
Grants received
2,075
Charltable actlvltles expendfturn
Total Fund¥
Totsl
2022
Total
2021
Meetlngs and educauon
Support cosls INote 61
2.327
4,879
2.147
4,393
7.206
6.540
All of the charitable actimty expenditure in the CLtrrenl year was attributable to unrestricted funds12021'.
£1.925 of meeting and education exp8ndilur8 was attribulable lo restricted funds).
Support Costs
Unrestricted Funds
2022
2021
Honorarium- secretarial servlces
Office expense5
Govemance costs (Note 7)
1,800
1,800
13
2,580
3,060
4,879
4,393
Governance cost5
Unr¢strlcted Funds
2022
2021
Fees payable to the independent examiner for..
Acwunts preparation
Independent examination
1,860
1.200
1,600
980
3,060
2,580
131Pogc

THE ANALYficAL METHODS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Investments
2022
2021
Market valve as at 1 January
Additions
Net investment Ilossygain
1,010.227
15,058
170,620)
921.958
12,235
76,034
Market value at 31 December
954,665
1,010,227
Historlc cost
857.885
842,827
Funds
Current year
A11
January
2022
Income Expendlture
At31
December
2022
1055 on
Investments
Accumulated fund
Deslgnated funds:
Lecture fund
Restricted funds:
Food and Feed
Aulhenticlty
DEFRA projects
1,068,004
29,979
16,475)
170,620)
1,020,888
1,207
1731)
476
8,781
2.075
8,781
2,075
Total funds
1.080,067
29,979
(7,2061
{70,6201
1,032,220
Prior yoar
At1
January
2021
Income Expendfture
Net
galns on
Investrnènts
At31
December
2021
Accumulated fund
De$ignated funds:
Lecture fund
R8Stricted funds:
Food and Feed
Authentlcily
DEFRA projects
971,955
24,630
(4,6151
76,034
1,068,004
1,207
1.207
8,781
1,925
8.781
2,075
2,075
11,925)
Totsl funds
983,868
26,705
16,540)
76,034
1,080.067
141Pagc

THE ANALYficAL METHODS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Funds {continu•d)
The Accumulated Fund represents the free funds of the Trust.
The Designated FL(nd Is a fund set up to malntain the Theobald Lectures.
Restricted Fund$:
Food and Feed Authenliuty represents grants given for work on nitrogen factors and also for work more
generally on food and feed au1henuc￿ that may be undertaken by the Food and Feed expert Working
Group.
Durfng the prfor year, one project. which c(Mimenced in 2019 8nd was funded by DEFRA, was
completed. A total of £11,000 was received for the preparation of'Guidance for the Organisation of a
Nitrogen Factor Slu(Jy'. The balance of £2.075 is being carr¢ed fO￿arlI lo cover fitture costs of the
study and aLrthenlicity Work.
10
Related party transaclions and tru5tees' expenses and remuneratlon
The charity considers its Board of TTUStee5 to be ils key management personnel.
An Honorarium of £1,80012021.' £1.800) was due lo Dr R Wood, a trustee, for providing secretarial
se￿1¢eS. Th6 Irustses have previously agreed Dr R Wood would receive £200 per meeting attended.
No trustee was paid any remunaralion during th8 current or previous year.
During the year, 612021.. 21 trustees received reimbursement for travel expenses and printing, postage
and ststionery expenses amounting to £68712021.. £171.
11
Taxallon
The Analytical Methods Trust is a registered charity and, as such, its income and gaSns falling within
Sections 47110 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns
Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives.
151Pagc